Anti-money laundering (AML)

Laxmi Bank has written and implemented a comprehensive anti-money laundering policy for use within the Bank. The policy is in line with international practices. We are committed to examining our anti-money laundering strategies and procedures on an ongoing basis and maintaining an effective anti-money laundering system that reflects the best practices for a financial services company. We are committed to high standards of anti-money laundering compliance and require our employees to adhere to these standards. Following are the minimum standards we observe while conducting banking business:

Customer identity is ascertained before opening an account and/or making an account operational.

New accounts are generally subjected to a detailed interview to ascertain purpose of opening an account, sources of funds etc.

All suspicious transactions are escalated to senior management.

Records are kept for all data obtained for the purpose of identification.

Employees are trained on a regular basis on anti-money laundering measures.

We expect all concerned to co-operate in our efforts to prevent money laundering activities.

Dear User, Welcome to Laxmi Bank's Upgraded iBank!

Validate within 5 minutes by entering One Time Password (OTP) from your registered mobile SMS or email.

Enter your date of birth (as registered in the Bank).

Verify your accounts linked with your User ID.

Validate OTP again and change your password for the first login.

Finally complete your answer on the security questions.

In failure to authenticate OTPs or Date of Birth, please contact the nearest branch or reach us on Facebook
messenger. For the Corporate users, please contact the nearest branch or your relationship manager